The paint might just be a thick powdercoat to protect it and given the trick stuff on there that could well be likely. Or it could be....( sorry ) cracked and rewelded then painted to hide that.As you say, best ignore that for now and play with all the other nice bits.Happy overall ? and are you going to let us into its Best Offer price

Royce and Pace had a thing going on when they brought out their RC200 frame set in 92, could be they did something for the RC100 as an after market option, but never seen one, a disassembly and photos would help, though I know you don't want to go there :O

Looking forward to some photos soon

Rich

_________________Like Pace Mountain Bikes, own one, pour yourself a mug of tea, pull up a chair and tell us all about it at...

You will be able to tell from the width of the BB shell, the Bullseye shells are a lot wider than a standard 68mm shell, if the shell on yours has be reduced to 68mm I am not sure how the crank arms are clearing the chain stays ~ A couple of photos would tell a lot without any disassembly

Re-welds ~ Look around the bottom of the seat tube/BB weld area always a favourite for failure and also seat stay/seat tube joint, again a favourite

As Rich says, the Royce thing was an "option" on the F1 RC200 frames and the later RC100 frames were always a testing bed for later development so lots of "genuine" possibilities...

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